Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»MakerDAO plans to optionally revalue 1 MKR to 24,000 NGT tokens as part of its endgame.
ADOPTION NEWS

MakerDAO plans to optionally revalue 1 MKR to 24,000 NGT tokens as part of its endgame.

By Crypto FlexsAugust 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MakerDAO plans to optionally revalue 1 MKR to 24,000 NGT tokens as part of its endgame.
Share
Facebook Twitter LinkedIn Pinterest Email
Crypto Ecosystems • August 23, 2024 2:12 AM EDT

Posted 1 minute earlier ~ in

Updated: August 23, 2024 3:18 AM EDT

MakerDAO is a decentralized autonomous organization. die die

+0.029%
Stablecoins have proposed an optional revaluation. MSEK

+3.56%
Governance Tokens, converting each MKR into 24,000 NewGovToken (NGT) tokens. This is part of the strategic endgame plan that is expected to be launched soon.

MakerDAO stated that the purpose of the rebalancing is to allow more users to hold significant amounts of the new governance token, NGT, thereby enabling broader participation in platform governance and democratizing the decision-making process.

Along with the introduction of NGT, MakerDAO will also be launching a new stablecoin, NewStable (NST), pegged 1:1 to Dai. Existing Dai and MKR tokens will remain active, allowing users to choose between the original token and the new token.

MakerDAO stated that “the two tokens are not expected to change for the time being unless governance decides otherwise.”

The proposal emphasizes user choice, stating that upgrading to NewStable and NewGovToken is optional. Users who switch to the new tokens can still revert to their original Dai and MKR, thus keeping the MakerDAO ecosystem flexible.

MakerDAO added that its ecosystem “will ultimately find ways to differentiate Dai.” According to the DAO, Dai can continue to focus on crypto-based use cases in this setup, while NewStable can aim for mass adoption.

Dai is the largest US dollar-pegged stablecoin issued by a decentralized entity. It is also the third-largest stablecoin overall, behind Tether USD and Circle’s USDC, with a market cap of $5.2 billion.

The project is governed by the Maker token, which has a token supply of approximately 1 million and a market cap of over $2 billion. According to The Block’s pricing page, the token has risen 5% over the last 24 hours and is currently trading at $2,130..


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

New era of tokenized loyalty rewards

May 13, 2025

SUI’s web3 tools revolutionize game development.

April 12, 2025

Originally, Tether CEO Supporting Stability Stable for new returns to compete with USDT: Report

February 19, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.